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Amazon Shareholders Boost Confidence with New Stake

Guavy AI Editorial Team
Instruments
AMZN
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Capital Investment Advisory Services LLC has increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the second quarter, according to a recent 13F filing with the SEC.

The institutional investor now owns 114,946 shares of the e-commerce giant's stock after buying an additional 1,995 shares during the period.

AWS growth, accelerating e-commerce revenue and expanding AI infrastructure investment remain key bullish factors for Amazon, as analysts continue to see substantial upside. In fact, some have even reiterated a $350 price target for the company.

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